The first smartphone made in Armenia, called the ArmPhone, went on sale this week. Various Armphone models were unveiled during a kick-off celebration on Monday held as part of a marketing campaign called “It’s Time for Armenian [products].”

To support the economic integration of Syrian refugees in Armenia, GIZ EISRA organises the business forum “Week of Economic Opportunities (WEO)” on 19-22 May 2016 at Yerevan Expo to promote entrepreneurship, job orientation, networking and capacity building for Syrian Armenians.

According to Techcrunch, PicsArt will allocate the received sum to grow the startup’s user base in China and Japan.

Although PicsArt doesn’t reveal how many users it has in Asia, the company’s general manager Wilson Kriegel says that it has seen “huge organic community and usage growth”, with China and Japan its top markets there.

iting trade rules set by the Eurasian Economic Union (EEU), the Armenian government moved on Thursday to abolish a 20 percent tax levied from cars imported from Russia and other EEU member states.

The decision came two weeks after a senior official from the Russian-led bloc’s executive body, the Eurasian Economic Commission, publicly said that Armenia should have abolished value-added tax (VAT) for such cars when it formally joined the EEU in January 2015. Subsequent reports in the Armenian press said that Yerevan is reluctant to scrap the tax because that would lose it millions of dollars in annual state revenue.